Published:
Fittipaldi Logistics Launches Driver Seat Application
Fittipaldi Logistics, Inc. (OTCBB: FPLD)
today announces the launch of its "Driver Seat" application. This
cutting-edge technology allows truck fleet operators to greatly reduce fuel
consumption and emissions and brings the added value of its GPS
capabilities. The results of extensive testing with truck fleets
demonstrated that the use of the "Driver Seat" will more than pay for
itself by reducing fuel costs. CEO Frank Reilly states, "The positive
response from our pilot programs assures me that it is very attainable to
have 10,000 trucks using 'Driver Seat' in 2008. It is currently being used
to validate products that are designed for fuel and emissions reductions
such as Rentar fuel catalyst and others."
About Fittipaldi Logistics, Inc.
Fittipaldi Logistics, Inc. is a technology company that specializes in
providing pertinent, real-time information to the worldwide transportation
and security industries. Our telematics solutions collect vehicle and
container-based data and integrate it with information gathered from
various disparate legacy systems across the supply chain. The data is then
synthesized and reformatted into valuable, actionable information, and
delivered to appropriate end-users across the logistics value chain through
secure web-based applications. Specific offerings include: vehicle
tracking, inventory/asset visibility, secure trucking, matching available
freight with available trucks, and many others. In addition, through
Fittipaldi Environmental Solutions, the company has adapted its product to
provide critical information enabling verification of fuel savings and
reduction of harmful emissions. See www.emmologic.com.
This press release includes certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to, statements
regarding our current business plans, strategies, and objectives that
involve risks and uncertainties that could cause actual results to differ
materially from anticipated results. The forward-looking statements are
based on our current expectations and what we believe are reasonable
assumptions; however, our actual performance, results and achievements
could differ materially from those expressed in, or implied by, these
forward-looking statements. Factors, within and beyond our control, that
could cause or contribute to such differences include, among others, the
following: we have a history of losses and an accumulated deficit, expect
losses to continue for the foreseeable future and will need to raise
additional working capital in order to implement our business model and
sustain our operations; the loss of one or more of our major customers
could materially and adversely effect our future revenue and business
operations; as well as those factors discussed under "Risk Factors" in our
Annual Report on form 10-KSB filed on October 13, 2006 and various
disclosures in other reports filed from time to time with the U.S. SEC.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily News
Tags: ,Automotive:Parts and Accessories, Automotive:RepairandRestoration, TransportationandLogistics:Trucking, ,OTCBULLB,OTCBULLB,FL,BOCA RATON, FL